An affiliate of H.I.G. Capital LLC, a global private equity firm with more than $12 billion of capital under management, has invested in Holland Services, a land services company focused on the energy sector.
Holland, a large land services provider serving multi-national and domestic energy firms, has assisted oil and gas companies with all aspects of acquiring, selling and developing land and mineral rights since 1985.
Robert Gaudin, founder and CEO of Holland, commented "The investment from H.I.G. provides us with financial and operating resources that will enable us to further capitalize on our significant growth potential. This is an exciting time in our industry, and we look forward to working with H.I.G. given their knowledge of our industry and previous experience investing in the oilfield services sector."
“We believe there are numerous market opportunities, both in new basins and new ancillary services, and we look forward to supporting Holland in continuing to set new standards of excellence in the land advisory business," said Jeff Zanarini, a managing director of H.I.G.
Financing for the transaction was provided by THL Credit. The investment in Holland is the second time THL and H.I.G. have partnered to invest in the oilfield services sector.
Founded in 1985, Holland Services possesses three decades of land advisory experience in upstream, midstream and downstream oil and gas, plus industries such as transportation, utilities, telecommunications and power. Additional services include GIS/Mapping, Asset Management, Asset Marketing and a new international division. Holland is headquartered in Fort Worth, Texas, with offices in Houston and Pittsburgh, in addition to satellite offices in major basins across North America.
Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 80 companies with combined sales in excess of $30 billion.